Practicing Success
An article is sold for ₹6500 so as to earn a profit of 4%. A second article whose cost price is ₹3750,is sold at a loss of 4%. What is the overall gain or loss percent in the whole transaction? |
Gain 4% Loss 1% Loss 4% Gain 1% |
Gain 1% |
SP of the first article = Rs. 6500 CP of the first article = 6500 × \(\frac{100}{104}\) = Rs. 6250 CP of the second article = Rs. 3750 SP of the second article = 3750 × \(\frac{96}{100}\) = Rs. 3600 Total cost price of the both articles = Rs. 6250 + Rs. 3750 = 10,000 Total selling price of the both articles = Rs. 6500 + Rs. 3600 = 10,100 Profit = 10,100 – 10,000 = 100 Profit percentage = \(\frac{100}{1000}\) × 100 = 1% |